Principal Financial Group Inc. Boosts Position in Cushman & Wakefield plc (NYSE:CWK)

Principal Financial Group Inc. grew its holdings in Cushman & Wakefield plc (NYSE:CWKGet Rating) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,196 shares of the company’s stock after purchasing an additional 1,600 shares during the period. Principal Financial Group Inc.’s holdings in Cushman & Wakefield were worth $517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC lifted its position in shares of Cushman & Wakefield by 70.4% during the 4th quarter. ProShare Advisors LLC now owns 30,298 shares of the company’s stock worth $675,000 after purchasing an additional 12,516 shares during the last quarter. First Trust Advisors LP acquired a new position in Cushman & Wakefield in the 4th quarter valued at $3,614,000. Raymond James & Associates purchased a new position in Cushman & Wakefield during the 4th quarter worth $5,065,000. Bank of America Corp DE lifted its stake in shares of Cushman & Wakefield by 165.2% in the 4th quarter. Bank of America Corp DE now owns 222,604 shares of the company’s stock worth $4,950,000 after acquiring an additional 138,675 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Cushman & Wakefield in the fourth quarter valued at approximately $86,000. 82.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cushman & Wakefield

In other news, insider Michelle Mackay acquired 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average price of $14.64 per share, with a total value of $51,240.00. Following the purchase, the insider now owns 50,760 shares of the company’s stock, valued at approximately $743,126.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.19% of the stock is currently owned by corporate insiders.

Cushman & Wakefield Stock Down 1.6 %

Shares of NYSE CWK opened at $14.50 on Friday. The firm’s 50-day moving average is $15.75 and its two-hundred day moving average is $17.86. The company has a market capitalization of $3.27 billion, a PE ratio of 9.50 and a beta of 1.40. Cushman & Wakefield plc has a 12-month low of $13.90 and a 12-month high of $23.54. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.19 and a quick ratio of 1.19.

Cushman & Wakefield (NYSE:CWKGet Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.10. Cushman & Wakefield had a net margin of 3.52% and a return on equity of 32.10%. The business had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Cushman & Wakefield plc will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Morgan Stanley reduced their price objective on shares of Cushman & Wakefield from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Wednesday, July 6th.

About Cushman & Wakefield

(Get Rating)

Cushman & Wakefield plc, together with its subsidiaries, provides commercial real estate services under the Cushman & Wakefield brand in the United States, Australia, the United Kingdom, and internationally. The company operates through Americas; Europe, Middle East, and Africa; and Asia Pacific segments.

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Institutional Ownership by Quarter for Cushman & Wakefield (NYSE:CWK)

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